Plunge in price of gold and silver rattles global stock markets
Trump’s pick of ‘respected central banker’ Kevin Warsh as Fed chair seen as catalyst for sell-off as investors sell safe haven assetsBusiness news – live updatesGold and silver prices have plunged, as a “meltdown” in the metals market deepened and rattled stock exchanges around the...
<p>Trump’s pick of ‘respected central banker’ Kevin Warsh as Fed chair seen as catalyst for sell-off as investors sell safe haven assets</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/feb/02/gold-silver-bitcoin-oil-commodities-slide-metals-meltdown-dollar-fed-chair-warsh-uk-house-prices-markets-business-live-news-updates">Business news – live updates</a></p></li></ul><p>Gold and silver prices have plunged, as a “meltdown” in the metals market deepened and rattled stock exchanges around the world.</p><p>Gold <a href="https://www.theguardian.com/business/live/2026/feb/02/gold-silver-bitcoin-oil-commodities-slide-metals-meltdown-dollar-fed-chair-warsh-uk-house-prices-markets-business-live-news-updates">prices tumbled by 8% to $4,465 an ounce on Monday</a>, ending a run of record highs that took it to nearly $5,600 just last week, before recovering some ground. Silver fell by 7%, after a 30% slump on Friday.</p> <a href="https://www.theguardian.com/business/2026/feb/02/plunge-in-price-of-gold-and-silver-rattles-global-stock-markets">Continue reading...</a>
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